$BTC has been trading sideways between 80,000 and 85,000 for over a month. K33 says volatility has fallen to near its year-to-date lows and expects that “compression is usually followed by expansion.”
But no one can predict the direction with certainty. What do you think this breakout will look like?
A. Upward: break above 85,000 and test the previous high
B. Downward: retest 80,000 around the Fed meeting
C. More sideways action until the U.S. midterm elections in early November
I’m personally more focused on changes in trading volume around the October 28 FOMC meeting than on the price itself. Share your pick and reasoning in the comments—I’ll choose a few replies to respond to.
#比特币 #MarketDiscussion
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR
But no one can predict the direction with certainty. What do you think this breakout will look like?
A. Upward: break above 85,000 and test the previous high
B. Downward: retest 80,000 around the Fed meeting
C. More sideways action until the U.S. midterm elections in early November
I’m personally more focused on changes in trading volume around the October 28 FOMC meeting than on the price itself. Share your pick and reasoning in the comments—I’ll choose a few replies to respond to.
#比特币 #MarketDiscussion
Personal opinion only. The author may hold assets mentioned in this post. This is not investment advice. DYOR